Sigma Lithium to List Shares on Nasdaq and Singapore Stock Exchange

Sigma Lithium, a leading lithium producer, has announced plans to list the shares of its subsidiary, Sigma Brazil, on both the Nasdaq and Singapore Stock Exchange. This move is aimed at facilitating the closing of a strategic transaction for the company.

The decision comes as Sigma expresses optimism about the ongoing negotiations with potential partners during its strategic review process. In September, Sigma received multiple proposals for itself, its wholly owned subsidiary Sigma Mineracao, as well as its Grota de Cirilo project in Brazil.

Although the interested parties have not been disclosed, Sigma has revealed that they come from various industries such as energy, automotive, batteries, and lithium refining. These potential partners also vary in terms of their nature and structure.

In an update on Monday, Sigma confirmed that these parties remain committed to the process and are actively involved in preparing contractual documentation. It is important to note that the dual listing of Sigma Brazil is solely intended to facilitate the strategic transaction. In the event of an acquisition, all shareholders holding either stocks will be taken out.